POWW updated trading plan
POWW is trying to hold the $7.50 support which is a good sign but if it doesn't I think that it will present even better trading opportunity with very obvious entry and SL area. Keeping some cash on the side in case we go down to $6.50 zone.
Cup & Handle idea still valid with $14.00+ target should it break above $10.00.
Cup & Handle idea still valid with $14.00+ target should it break above $10.00.
Note
Daily candle is not the worst. Psychology of today's price movement resembles that of inverted hammer and could signal end of downtrend. A lot riding on overall market conditions but it's looking fine.Trade active
Looks like bottom is in.Note
trying to hold right at supportit either bounces here or the idea is invalidated unfortunately
Note
Seeing some reaction, good sign. Still long.
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